FX.co ★ #Bitcoin chart analysis

The BTC/USD pair opened today with mixed signals across the indicators, setting up a rather cautious trading environment. On the H1 timeframe, the Parabolic SAR indicator, currently positioned at 112,371.40, suggests a buy signal, since the previous candle closed at 112,860.13, indicating that the market may still hold bullish potential. However, the moving average, placed at 112,918.01, is currently acting as resistance — “a plate hanging above the price,” pressing downward and signaling potential selling pressure. This contradiction between the Parabolic and the moving average creates uncertainty, requiring traders to wait until both indicators align. Until the Parabolic reverses direction or the moving average flattens, any entry could be premature. BTC/USD traders must therefore remain patient and watch for confirmation, particularly when the Parabolic flips position, as that will determine whether the current bullish impulse remains valid or gets canceled. The market has recently shown a modest correction after a drop, and though BTC/USD attempted to rebound, it resumed its decline soon after, showing that sellers are not done yet. The key resistance area of 117,630–117,970 remains an important upper boundary; a reversal from there would signal strong selling opportunities. However, the price reversed earlier than expected, leaving traders once again waiting for a clearer setup.

At present, BTC/USD is testing the nearest support range between 108,650–109,390, attempting to find a foothold for another upward attempt. Should this level fail to hold, the next support area around 107,270–107,650 will likely come into play, where a potential buying opportunity could emerge. Conversely, if the market recovers and moves higher from the current zone, short positions could be considered again from the 117,630 resistance level, where strong supply pressure is likely to reappear. Additionally, the MACD oscillator provides further guidance: the histogram remains above the zero line, contradicting immediate selling, and confirming that bearish momentum has yet to fully establish itself. Therefore, BTC/USD traders should wait for the MACD to cross below zero before opening short positions to ensure confirmation. A sell setup is planned from 112,394.42, with a tight stop loss at 112,394.62 and a take profit at 112,393.82, targeting approximately 6% profit from the position. Until the price reaches either the stop loss or the take profit, the position should remain open. Overall, BTC/USD continues to trade in a zone of technical tension — where short-term signals conflict, and the best strategy remains waiting for a synchronized confirmation from both the Parabolic SAR and the MACD before committing to a directional move.